grahamg
Member of DD Central
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Post by grahamg on Nov 4, 2016 21:27:33 GMT
Not sure why i would want to invest in a grade 1 listed industrial building with pending planning permission and no proper exit strategy if PP fails at 9% Well someone has voted with their feet £3000 up for sale. And eagerly snapped up in anticipation of a rolldown to 9%
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mikes1531
Member of DD Central
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Post by mikes1531 on Nov 5, 2016 3:38:22 GMT
The other question that comes to mind is why is the borrower raising more money? To pay the retained interest and fees for the renewal/extension loan?
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elliotn
Member of DD Central
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Post by elliotn on Nov 5, 2016 9:49:11 GMT
The other question that comes to mind is why is the borrower raising more money? To pay the retained interest and fees for the renewal/extension loan? And continued PP.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
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Post by cooling_dude on Nov 14, 2016 16:54:09 GMT
A new pipeline loan... And it's 12%  SECURITY VALUE £2,450,000 LOAN VALUE £1,715,000 LOAN TO VALUE 70% REMAINING TIME 183 days ANNUAL RATE 12% |
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elliotn
Member of DD Central
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Post by elliotn on Nov 14, 2016 17:00:14 GMT
I've only just started on MT...& I'm sure I'm already over-exposed to Prestbury!  |
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elliotn
Member of DD Central
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Post by elliotn on Nov 14, 2016 17:06:17 GMT
"One of his Companies has a net worth of £11.56".
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Carter
Member of DD Central
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Post by Carter on Nov 14, 2016 17:08:08 GMT
Typical! I've just liquidated a chunk to get some 13% on MT tomorrow.  |
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on Nov 14, 2016 17:14:06 GMT
Typical! I've just liquidated a chunk to get some 13% on MT tomorrow. It's only in the pipeline, with no pebble number yet. It might never go live, but if it does it won't be before Wednesday.
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Post by supernumerary on Nov 14, 2016 17:15:53 GMT
Typical! I've just liquidated a chunk to get some 13% on MT tomorrow. Not a lot of people know about that....
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jamesc
Member of DD Central
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Post by jamesc on Nov 14, 2016 17:17:40 GMT
I've only just started on MT...& I'm sure I'm already over-exposed to Prestbury! What is about Prestbury is it all the same borrower on MT & SS or just that is a very keen broker in the area ? How big is Prestbury anyway ?
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Carter
Member of DD Central
Posts: 250
Likes: 549
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Post by Carter on Nov 14, 2016 17:20:00 GMT
Typical! I've just liquidated a chunk to get some 13% on MT tomorrow. It's only in the pipeline, with no pebble number yet. It might never go live, but if it does it won't be before Wednesday. Quite true, and having just looked at it now it wouldn't have changed my course of action. Reading through the detail it sounds like this one is on the hurry up but who knows till it happens.
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Post by supernumerary on Nov 14, 2016 17:30:40 GMT
It's only in the pipeline, with no pebble number yet. It might never go live, but if it does it won't be before Wednesday. Quite true, and having just looked at it now it wouldn't have changed my course of action. Reading through the detail it sounds like this one is on the hurry up but who knows till it happens. There is still a 14% loan on Ablrate at the moment needing to be filled. Registering for Ablrate platform is VERY fast, because they use your passport number and the payment in, is via direct debit which is virtually immediate. Just so that you know. 
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Carter
Member of DD Central
Posts: 250
Likes: 549
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Post by Carter on Nov 14, 2016 17:34:52 GMT
Quite true, and having just looked at it now it wouldn't have changed my course of action. Reading through the detail it sounds like this one is on the hurry up but who knows till it happens. There is still a 14% loan on Ablrate at the moment needing to be filled. Registering to for Ablrate platform is VERY fast, because they use your passport number and the payment in, is via direct debit which is virtually immediate. Just so that you know. Much appreciated! I did register a while back but its a platform too far for me at the minute, maybe one to revisit in the new year!
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mikes1531
Member of DD Central
Posts: 6,453
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Post by mikes1531 on Nov 14, 2016 17:42:10 GMT
I would urge everyone to double-check their pre-funding levels now. Mine have been messed up by the appearance of the new loan. Some time after SS announced that loan rates would be variable, I set my default pre-funding to nil. I left my Edgbaston pre-funding at a low, but positive, amount and set my Gun Boat Sheds pre-funding to nil. Following the addition of the new loan to the pipeline this afternoon, I find that... - My default pre-funding has reverted to its previous, non-zero, amount;
- My Gun Boat Sheds pre-funding has been reset to that same, non-zero, amount;
- My Edgbaston pre-funding has remained at that same, non-zero, amount; and
- The pre-funding for the new loan has been set to nil.
I'll now change the numbers to the levels I want, but I must remember to keep an eye on them because I suspect that when savingstream realise that something has gone wrong they'll reset the system in an attempt to correct the problem -- and the result may not be what I really want.
You have been warned!
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Post by supernumerary on Nov 14, 2016 17:43:11 GMT
There is still a 14% loan on Ablrate at the moment needing to be filled. Registering to for Ablrate platform is VERY fast, because they use your passport number and the payment in, is via direct debit which is virtually immediate. Just so that you know. Much appreciated! I did register a while back but its a platform too far for me at the minute, maybe one to revisit in the new year! So now it is a "Bridge too far!", as well as "Not a lot of people know about that!" Thank you for the appreciation. 
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